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EYE ON ECONOMY

Private home buyers undaunted by rise in unemployment rate last year

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Jan 18, 2021 · 09:50 PM
    Unemployment, private home purchases up

    Singapore

    HIGHER unemployment is a symptom of Singapore's worst recession since its independence - but all those dour numbers have not deterred home buyers here.

    Besides signalling the lure of cheap debt, the exuberance in the property market today speaks to the uneven impact Covid-19 has had on different sectors, and on expats versus residents.

    Singapore propertyProperty investmentCovid-19Unemployment

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